BUSINESS

MUMBAI (Reuters) - India's state-run Punjab National Bank has stepped up its controls on the use of global payments network SWIFT following an alleged $1.77 billion fraud, according to memos issued this month and seen by Reuters.

MUMBAI/NEW DELHI (Reuters) - A court on Wednesday remanded six people including a general manager at state-run Punjab National Bank (PNB) in police custody for nearly two weeks, after the latest arrests in a probe into an alleged $1.8 billion fraud.

MUMBAI (Reuters) - Minutes from the Reserve Bank of India's meeting this month showed monetary policy committee members expressing concerns about accelerating inflation, although that was also tempered by uncertainty about the strength of an economic recovery.

POLITICAL NEWS

MUMBAI (Reuters) - India's state-run Punjab National Bank has stepped up its controls on the use of global payments network SWIFT following an alleged $1.77 billion fraud, according to memos issued this month and seen by Reuters.

NEW DELHI (Reuters) - U.S. President Donald Trump's eldest son described India as an important market for The Trump Organization, but said the global company will lose out on new deals because of self-imposed restrictions put in place by his father since he took office.

MUMBAI/NEW DELHI (Reuters) - A court on Wednesday remanded six people including a general manager at state-run Punjab National Bank (PNB) in police custody for nearly two weeks, after the latest arrests in a probe into an alleged $1.8 billion fraud.